QA(SH:603758) Sou Hu Cai Jing·2025-11-14 04:05Core Viewpoint - Qin'an Co., Ltd. (603758) announced an earnings briefing on November 13, 2025, to discuss its performance and future prospects [1]. Group 1: Mergers and Acquisitions - The acquisition of Yigao Optoelectronics is expected to be consolidated into the company's financial statements as early as January next year, pending shareholder approval and certain conditions [2][7]. Group 2: Technology and Market Applications - Yigao Optoelectronics maintains a leading position in high-end vacuum coating technology, which is widely used in various products of major domestic consumer electronics brands [3][5]. - The technology is also being applied in automotive displays, with significant potential for demand in the automotive sector as the consumer electronics and automotive industries converge [4]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 991 million yuan, a year-on-year decrease of 16.89%, while the net profit attributable to shareholders was 131 million yuan, an increase of 2.6% [7]. - The third quarter alone saw a main revenue of 316 million yuan, down 23.84% year-on-year, and a net profit of approximately 50.84 million yuan, down 23.03% [7]. Group 4: Investment and Market Sentiment - In the last 90 days, two institutions have given a rating of "buy" for the stock [8]. - Recent financing data indicates a net outflow of 33.98 million yuan in financing over the past three months, with a decrease in financing balance [9].